Oil
Oil Hits Wartime High on Report US Eyeing Iran Military Options
Brent oil rallied to a wartime high after Axios reported that US President Donald Trump is set to receive a briefing on new military options for action in Iran, signaling the potential for fresh escalation in the Middle East.
Chinese Oil Major Vows All-Out Effort to Ensure Domestic Supply
China’s largest oil and gas company said it would make “every effort” to ensure there are no domestic shortages as Beijing tries to buffer its economy from energy shocks caused by the Iran war.
Energy supermajors look at diversifying oil and gas supplies to offset disruption risk
Oil supermajors bp and Eni posted quarterly results this week that boosted the industry and further made the case for diversifying supply. While some energy sector revenues have been impacted by the Middle East conflict, bp reported first-quarter profit more than doubled year-on-year to $3.2 billion, its highest since 2023.
